The stock market continued to correct excessive enthusiasm as the S&P 500 Index fell 1.99% on the week.On the year,the S&P has gained 8.96%.Major concerns included a slight slowdown in China;a drop in consumer sentiment at home;and an uptick in worry over Spanish financial news.
Major League Baseball is well underway now.On Friday night,there were some high scoring contests,such as the Atlanta Braves beating the Milwaukee Brewers at Turner Field in Atlanta by a 10-8 margin.The Braves were led by catcher Brian McCann and his two home runs.In another big score game,Boston downed Tampa Bay 12-10 at the Fenway Park opener in Boston.
Next week will see a lot of economic data and major earnings reports crossing traders' desks.Among important considerations will be the Empire State and Philly Fed manufacturing reports;Leading Economic Indicators;existing home sales and retail sales;and earnings from Citigroup;General Electric;IBM;and McDonalds.
Citigroup(C),General Electric(GE),International Business Machines(IBM),McDonalds(MCD)
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